Green Lake, MI Economy


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Green Lake, MI is a charming small town located in the northern part of the state. It is known for its scenic views and relaxation atmosphere. The cost of living is quite affordable when compared to the national average, as rent for a two-bedroom apartment costs only $1,090 compared to $1,430 nationwide. Additionally, it has a lower Grocery Cost Index (94) compared to the US (100). To boot, Green Lake offers a variety of recreational activities such as fishing and canoeing at the local lake or biking on nearby trails.
For those considering moving to Green Lake, MI there are several local companies that can provide assistance. These include Real Estate companies like Terry Associates Realty Group who specialize in helping people find their ideal home near Green Lake. Another company that can help is Northern Michigan Moving & Storage Company which provides full service packing and moving services. For those interested in finding resources related to recreational activities or community events, resources like The Little River News offer useful information about what’s happening around town.

Green Lake has an unemployment rate of 5.7%. The US average is 6.0%.

Green Lake has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 34.7%, which is higher than the US average of 33.5%.

Tax Rates for Green Lake
- The Sales Tax Rate for Green Lake is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Green Lake is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Green Lake
- The average income of a Green Lake resident is $21,708 a year. The US average is $28,555 a year.
- The Median household income of a Green Lake resident is $79,025 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGreen Lake, MichiganUnited States
  5.76
  -6.8%-6.2%
  34.7%33.5%
  6.0%6.2%
  4.3%4.6%
  $37,537$37,638
  $79,025$69,021
  $93,563$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  9.4%6.8%
  10.5%10.0%
  1.4%2.5%
  7.9%11.0%
  0.2%4.8%
  0.7%0.8%
  1.0%1.9%
  3.2%4.7%
  1.4%1.9%
  6.6%7.6%
  0.0%0.1%
  7.3%4.2%
  13.0%9.3%
  15.1%14.0%
  3.4%2.1%
  10.0%7.0%
  6.9%4.8%
  2.1%4.7%
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